Tuesday, April 15, 2008

IOC Losing Rs 320 Cr Per Day On Fuel Sales

Indian Oil Corporation (IOC) on April 14 said it is losing Rs 320 crore per day on fuel sales and if the situation continues for more than a year, its project may get impacted.

The company isosing Rs 320 crore per day on sale of petrol, diesel, LPG and kerosene.IOC plans to invest Rs 7,500 crore in refinery and pipeline projects in 2008-09, the source said.

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